SWOT Analysis of Marks and Spencer
To provide students with background knowledge and understanding of business, the functions of an organisation and the wider business environments in which organisations operate.
15 Pages4465 Words63 Views
Added on 2020-07-22
SWOT Analysis of Marks and Spencer
To provide students with background knowledge and understanding of business, the functions of an organisation and the wider business environments in which organisations operate.
Added on 2020-07-22
ShareRelated Documents
Business and BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Purpose of private, public and voluntary sector and its legal structure.................................1P2 Size and scope of M&S and one organisation from the public and voluntary sector............2P3 Interrelate different organisation functions and its basic objectives......................................3TASK 2............................................................................................................................................5P4 Impact of positive and negative on macro environment depends on business operations.....5P5 SWOT analysis of Marks and Spencer..................................................................................7P6 Interrelationship with external macro factors and strength and weakness............................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness environment refers to that process which help in analysing internal and externalfactors of company which occurs during productivity of products and services. An organisationcan carry out various activities and functions which help in increasing growth and success offirm in proper manner. It is the main responsibility of company manger is to check that allactivities and functions should be organised in effective manner. This will include buyers,sellers, manufacturing, marketing, management etc. There are different firm who have variousscope and some basic purpose which assist in organising these sectors such as public, private andvoluntary organisation (Edquist, 2010). The working style is different of every person and it isimportant for reach the target goals and objectives. Manager has to analyse all workersperformance and also evaluate functions of a firm. Marks and Spencer is private organisationwhich is retailer company. They provide various types of products such as home appliances,clothings and food items. It has almost 979 stores which is situated in UK. TASK 1P1Types and Purpose of different kinds of organisationsPrivate company- This type of firm can issue shares but its shares are not traded onstock exchange. This means that it has shareholders but the shares are exchanged privatelywithin its members. A private organisation is owned and managed by an individual. The sole andbasic purpose of private ownership is Profit earning. Every firm which has minimal governmentintervention ,is formed with the purpose of making Profit and where merit is is the only criteriaconsidered for promotion is a private Limited company. Example: Marks and Spencer- Founded in the year 1884 by Michael Marks and ThomasSpencer with the motto of earning profit n it became the first retail company of making Euro 1billion profit. It mainly deals in Luxury Food and clothing segments (Edquist, 2010). Thecompany's turnover tremendously increased from approx.8500 to 10 600 billion in the year2008-2017.M&S follows flat organisation structure. This means that there is minimal gap betweenemployees and top management and thus encourage employees to be part of decision makingprocess. Being a private company the liability of its members is limited to the extent of its sharesowned. They need not sell their private assets to pay off company debts. Another advantage is in1
case of death of partner or owner the company will remain to be continued. The firm also enjoystax advantages as its tax is lower than taxes incurred by a corporate firm. The minimum number of members required to start a private company is 2 whereasmaximum members allowed is 200.A private company enjoys exemption from provisions ofCompanies act. It may at any time buy back its shares, redeem them, or distribute profits to itsmembers. A private company is not required to hold AGM unless its mentioned in Articles ofAssociation. Mostly the shareholders are the family members of the owner . A Private company can any time become a public company by issuing IPO , paying stockexchange fee, underwriters fee and other fees required. Public company- A company which sells its shares through Initial Public Offering togeneral public and is listed on stock exchange. It involves a lot of government intervention and isanswerable to its shareholders for the acts of the organisation. The goal of private organisation isto distribute profits among its shareholders in the form of dividend every year and also fulfillingsome social obligation toward the betterment of its society. Example- NHS (England)- National Health Services is a publicly owned organisationwhich promises to provide all type of required medical services to every resident of the countryfree of cost (Grimpe and Kaiser, 2010). The Company is mainly funded with general tax or byInsurance premium. In 2017 NHS employs nearly about 11,87,125 including Doctors, nurses,interns and managers. Almost every doctor and nurse of UK works in NHS. Its also trains newDoctors of England. Voluntary Organisation: Here a group of individuals come together by their own choiceto fulfil l a common purpose or goal. It is a Non profit organisation and is mostly formed to serveits society. Example – Oxfam was founded in the year 1942 by a group of volunteers with apurpose to eradicate profit and reduce injustice. It helps people to become financiallyindependent. The organisation also give relief services in different parts of the world. Oxfam hasmentioned that the richest 8 percent almost possess wealth equal to poorest 50% of peoplearound the world. It has carried out various activities, shops, campaign, fundraising in differentplaces from time to time. Oxfam has extended its services to many countries including NewZealand, Australia, Netherlands, Denmark, India.2
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Business And Business Environment Analysis of Marks and Spencer Organisationlg...
|13
|4253
|190
Assignment on Types of Purpose of an Organisationlg...
|18
|5573
|49
Business & Business Environment INTRODUCTION 3 Part 13 P1 Private, Public and Voluntary Organisationlg...
|13
|4441
|35
Business and the Business Environment of M & S : Reportlg...
|15
|4739
|80
Business Environment of Marks & Spencer, NHS and Oxfam : Reportlg...
|15
|4933
|72
Business Environment of Marks and Spencerlg...
|15
|4019
|125